Centaur Share Price (CAU)

I have decided to hold on to the shares I have and to add when I can if the price stays low. Hope it all goes well for your investment but I don't think you will have many regrets.

Thanks for the post, courtier. I have had CAU on my watch list for a while and I decided to buy a very modest amount of shares today. I will tuck them away for the dividend and potential growth as the company re-focuses their energies :)

Holding steady against a poor market since the disastrous drop last week. 6.5% dividend at this price makes for a good buying opportunity.

From Centaur's last RNS: "Looking ahead, our investment in existing and new products has given us a strong pipeline of new digital platforms and event launches. With print revenues expected to stabilise, digital and events revenues growing well, and deferred revenues of £19m, 32% ahead of the same period last year, we believe that the outlook for the 2014 financial year remains positive." I remain hopeful of steady recovery over the next year.

The market does not like the interim results published Feb 2013 and has punished Centaur with a hefty 27% price fall. There are some good points: Revenue remained good, nominally up 14%. Margins were up 4 percent Interim Dividend up 10%. Digital is now 35% against a target of 50%. EBITDA margin up 4% to 10% Healthy new product pipe line. There are some not so good points: Loss increased to £4.4 million from £1.3 million, including £4million exceptional expenses. Net debt up from £5.4 million to £24.5 million. I have not been following Centaur long enough to comment much but they have been growing strongly through acquisitions which may well account for much of the above. I think that at this new level Centaur is a very good buy indeed. Pity I bought last year...

Numis Securities rate CAU as a BUY with 110% upside potential http://www.igmarkets.co.uk/cfd/uk-ratings.html DYOR and GLA